Title: Obamanomics: Food Stamps are "Stimulus" Source:
Real Clear Politics URL Source:http://www.realclearpolitics.com/vi ... ood_stamps_are_a_stimulus.html Published:Aug 16, 2011 Author:Obama Ag Czar Vilsack Post Date:2011-08-16 17:14:39 by Happy Quanzaa Keywords:1+1=3, Obamanomics in Action, Obama-doma-ding-dong Views:2567 Comments:8
Obama's Secretary of Agriculture Tom Vilsack: "Well, obviously, it's putting people to work. Which is why we're going to have some interesting things in the course of the forum this morning. Later this morning, we're going have a press conference with Secretary Mavis and Secretary Chu to announce something that's never happened in this country -- something that we think is exciting in terms of job growth. I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it's also an economic stimulus. Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times."
If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times."
If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times."
Economics 101, Republican retards.
Stealing from one person to give to another does not stimulate the economy anymore then if the people who earned the money were allowed to keep it and spend it.
Food Stamps in my view have the side effect of raising food prices imo.
Stealing from one person to give to another does not stimulate the economy anymore then if the people who earned the money were allowed to keep it and spend it.
that's not true. If I take $100 from a millionaire who wasn't go to do anything with it and give $100 to a poor person who will spend it, I've stimulated the economy.
That's why Ronald Reagan was such a big fan of the Earned Income Tax Credit.
You discounted the fact that that money could have been lent to someone.
Possibly, or could have been invested overseas or simply put in the bank.
Economists who study these sorts of things look at something called velocity of money. Giving subsidies or support to the poor generates far more economic activity than tax breaks for the rich. Trickle-down doesn't work.
